Rupee gains 30 paise to 68.43 against dollar in late morning trade

The rupee strengthened further from early gains by 30 paise to 68.43 against the American currency in late morning deals in sustained bouts of dollar selling from banks and exporters amid higher domestic equites.

The rupee opened a tad higher at 68.72 per US dollar as against Thursday's closing of 68.73 at the Interank Foreign Exchange (Forex) market.

Later, the volatile rupee hovered between 68.80 and 68.30 before quoting at 68.43 at 10:30 hours on persistent selling of dollar by banks.

ALSO READ: Rupee dives to near three-year lows as Trump, demonetisation weigh heavy

The dollar Index was trading lower by 0.05% at 101.64 against a basket of six currencies.

Overseas, the US dollar was largely mixed against basket of currencies in early Asian trade, though it rose to an eight-month high against the yen as US bond yields resumed their rise in Asia after the Thanksgiving break shut markets in the United States (US).

Meanwhile, the benchmark BSE Sensex was trading higher at 234.36 points or 0.91% at 26,094.53 at 10:50 hours.

ALSO READ: Rupee cracks 68-level, tumbles 32 paise